Thanks for reaching out to us, @Melk5397.

Let me give some insights into how vendor credit works in QuickBooks Online. Adding vendor credits reduces and debits accounts payable. Since adding a vendor credit will automatically debit Accounts Payable in QuickBooks Online, you don't need to use the A/P account.

Moreover, if you enter a bill to track your insurance expense, make sure the credit goes to the expense account you use for this vendor.

You can read these articles as a guide if you need to run and manage  financial reports in the future.

• Customize reports in QuickBooks Online.
• Run reports in QuickBooks Online.

Please get back to this thread by clicking the Reply button if you need further assistance with your vendor transactions. We're always here to help. Stay safe!